Occupy Nottingham to close camp
Protesters at the Occupy Nottingham camp in the city's Old Market Square will end their protest on Sunday.
The anti-capitalist protesters had been locked in a legal battle over their right to camp in the main square.
The Occupy Nottingham spokesman said they faced a "difficult task" to win the legal case.
Nottingham City Council said the camp had to move as it posed hygiene and safety issues.
A three-day trial to determine whether the camp could be legally removed was due to start on 30 April.
A statement from the Occupy protesters, who set up the camp more than six months ago, said the possible £30,000 legal costs were not "a worthwhile risk".
The statement said: "During the stay of over six months on Nottingham's Market Place, Occupy Nottingham feel that they have been successful with what they initially set out to achieve in raising awareness of the issues we currently face in our society."
The group said the camp, which included dozens of tents, would be dismantled and the protesters would take "a needed and well deserved" rest.
"We have decided to use a short break to regroup, plan our next actions and reorganise before we take the campaign mobile," the statement said.
The site was one of several set up in the UK in 2011 to voice opposition to what the protesters saw as unfairness in the financial system.